Productivity is definitely enhanced by:
A. Higher taxes.
B. More government regulation.
C. Education and training activities.
D. Limits on immigration.
C. Education and training activities.
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Refer to Table 19-19. Given the information above, calculate the GDP deflator in 2015
A) 87 B) 95 C) 105 D) 114
During the 1990s, the nominal price of crude oil ____ and the real price ____
a. leveled off; fell b. fell; leveled off c. rose; fell d. fell; rose
Firms' profits or production do not increase in the long run because:
a. some factors of production are fixed in the long run. b. all the factors of production are variable in the long run. c. changes in factor costs completely offset any change in the price level. d. there exists an excess capacity in the economy in the long run. e. factor costs remain fixed in the long run.
Because fewer people are now needed to perform an average job, it is said that the information technology revolution has played an important role in slowing down productivity in the United States
a. True b. False Indicate whether the statement is true or false